Turkmenistan has proposed the creation of economic corridors to strengthen collaboration within the Economic Cooperation Organization (ECO), Trend reports.
Turkmen Foreign Minister Rashid Meredov presented the initiative during the annual meeting of ECO foreign ministers, chaired by the Iranian Foreign Minister.
“I suggest placing special emphasis on establishing economic corridors in the ECO region to facilitate the transportation of goods and resources, as well as to implement modern technologies,” Meredov said.
As part of this initiative, he proposed the development of an ECO Framework Agreement on Digital Technologies and Electronic Commerce, along with the creation of an information portal.
“To boost trade volumes, we must actively engage in cross-border and regional activities, focusing on partnerships between small and medium-sized enterprises across various sectors.
In addition, we propose to create an information portal that will host data, statistics, and prototypes of business projects to expand multilateral cooperation,” the minister emphasized.
The Minister also highlighted the need for more coordinated transport diplomacy and collaboration with international organizations.
“Turkmenistan also aims to create interregional transport corridors and multimodal transport links with key ports and logistics hubs in Central Asia,” Meredov said.
He reaffirmed the country’s commitment to ECO goals and its openness to cooperation with all member states.
To note, the Economic Cooperation Organization (ECO) was founded in 1985 by Iran, Pakistan, and Türkiye. The ECO is an intergovernmental organization aiming to strengthen economic, technical, and cultural cooperation among member countries.
In 1992, the organization underwent further expansion with the accession of seven new members: Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
